The pair BOOK OF MEME/Tether (BOME/USDT) moves from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 0.006786000 will continue.
Caution: A possible change in the direction of the resistance line at 0.007202000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three Outside Down’ chart pattern is detected. The chart shows ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.008454000 |
2nd High | 0.008282000 |
Next High | 0.007202000 |
Current Price | 0.006940000 |
Next Low | 0.006786000 |
2nd Low | 0.006715000 |
3rd Low | 0.006520000 |
Download BOME/USDT Signal Image
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Three Outside Down